Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.24.2
Earnings Per Share
 6 Months Ended
Jun. 29, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings (Loss) Per Share
The following table sets forth the components of basic and diluted earnings (loss) per share:
Three Months Ended Six Months Ended
June 29,
2024		 July 1,
2023		 June 29,
2024		 July 1,
2023
(In millions, except per share amounts)
Numerator
Net income (loss) for basic earnings per share $ 265  $ 27  $ 388  $ (112)
Denominator
Basic weighted average shares 1,618  1,612  1,617  1,612 
Potentially dilutive shares from employee equity plans 19  15  21  — 
Diluted weighted average shares 1,637  1,627  1,638  1,612 
Earnings (loss) per share:
Basic $ 0.16  $ 0.02  $ 0.24  $ (0.07)
Diluted $ 0.16  $ 0.02  $ 0.24  $ (0.07)
Securities which would have been anti-dilutive are not material and are excluded from the computation of diluted earnings per share for all periods presented.